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Dec 10, 2013
12/13
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CNNW
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. >> i'm pleased that we're back to negotiating again and we may avoid another fiscal cliff or shock to the economy. but i'm skeptical of what i've heard so far. i don't want to see something balanced on the backs of employees. so is it balanced? that's one of the questions i'm going to have. i don't like the fact there's no unemployment extension in this. i don't know about where we're going with revenue, i think tacking on fees to airline tickets is a strange way. i would like to see us do away with farm subsidies to major agra businesses that don't need them. >> it's good that we're moving forward, but i turn to you, congressman. a lot of conservative groups have already come out saying they hate this thing. americans for prosperity hates t heritage hates it. freedom works hates it. are you in the name of moving forward and getting some deal, are you willing to buck those conservative voices and stick with paul ryan? >> i think far too often the question is can we make a deal. i'd like to say can we find a solution. it's more spending for both sides. most conservatives would agree
. >> i'm pleased that we're back to negotiating again and we may avoid another fiscal cliff or shock to the economy. but i'm skeptical of what i've heard so far. i don't want to see something balanced on the backs of employees. so is it balanced? that's one of the questions i'm going to have. i don't like the fact there's no unemployment extension in this. i don't know about where we're going with revenue, i think tacking on fees to airline tickets is a strange way. i would like to see us...
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Jan 2, 2013
01/13
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KOFY
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from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a look at live doppler 7hd. cloud free, rain-free and clear skies, but cold in the bay area. here is a look at our 10:00 temperature readings. we are waiting for the most recent to come in. even an hour ago it was down to 36 at napa and fairfield 35 at santa rosa and 34 at livermore and low 40s in many other locations. it is going to be a cold night. as a result of this unusually cold weather we have a freeze warning in affect until 9:00 tomorrow morning for most of the north bay. the low temperatures will drop between 24 and 28 dries. 28 degrees. freeze damage to crops is a po a frost advisory until 9:00 tomorrow morning for the bay shoreline and the santa clara valley. look for low temperatures in those areas to drop
from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a look at live doppler 7hd. cloud free, rain-free and clear skies, but cold in the bay area. here is a look at our 10:00 temperature readings. we are waiting for the most recent...
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from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a look at live doppler 7hd. cloud free, rain-free and clear skies, but cold in the bay area. here is a look at our 10:00 temperature readings. we are waiting for the most recent to come in. even an hour ago it was down to 36 at napa and fairfield 35 at santa rosa and 34 at livermore and low 40s in many other locations. it is going to be a cold night. as a result of this unusually cold weather we have a freeze warning in affect until 9:00 tomorrow morning for most of the north bay. the low temperatures will drop between 24 and 28 dries. 28 degrees. freeze damage to crops is a possibility. we have a frost advisory until 9:00 tomorrow morning for the bay shoreline and the santa clara valley. look for low temperatures in th
from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a look at live doppler 7hd. cloud free, rain-free and clear skies, but cold in the bay area. here is a look at our 10:00 temperature readings. we are waiting for the most recent...
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Jan 1, 2013
01/13
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KTVU
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. ; >>> we have an update on the last minute deal to keep the country's economy from going over the fiscal cliff. vice president joe biden arrived at the capital building after negotiating a deal with senate minority leader mitch mcconnell. the senate is expected to vote on the deal in the next few hours and the house will debate the measure tomorrow. there are no details just yet on which tax increases or spending cuts would be included in the deal. >>> less than 6 hours till 2013. >> john fowler is in san francisco where huge crowds are expected to watch fire work ons a beautiful but cold night. >> reporter: beautiful indeed. take you -- look -- look at the bay bridge lights. clear here tonight. this is a wonderful night to view fire works. they put up barricades at the ferry building. the prime spot for viewing fire works. >> it will be good. yeah. we came out here last year and it was nice. >> reporter: no stopping here on the embarcadero. they should have a great view with no parking problem. the new year dawned at midnight moscow time. noon in the bay area. discovery center. we found
. ; >>> we have an update on the last minute deal to keep the country's economy from going over the fiscal cliff. vice president joe biden arrived at the capital building after negotiating a deal with senate minority leader mitch mcconnell. the senate is expected to vote on the deal in the next few hours and the house will debate the measure tomorrow. there are no details just yet on which tax increases or spending cuts would be included in the deal. >>> less than 6 hours till...
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Jan 1, 2013
01/13
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KPIX
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. >> reporter: another draw to donate today, the downfall in the economy and the "fiscal cliff" troubles on capitol hill have people taking a closer look at their tax write-offs. >> this is the last day for tax write-offs. it's not the only reason why i donate but why not? it's a win-win for everybody. >> reporter: the donations will help fund good will's job training and placement programs to help the needy get out of poverty. in san francisco, cate caugiran, cbs 5. >>> well, if you are heading out to party tonight don't forget you can leave the driving to others. in san francisco, muni offers free rides from 8 p.m. to 6 a.m. with some lines running later than usual. in the south bay, all vta bus and light rail is free between 7 p.m. and 4 a.m. caltrain is free southbound only beginning at 11 p.m. until 2:15 a.m. bart is not free. but it will be running trains until 3 a.m. >>> and bundle up. it's going to be cold tonight. it was cold last night. and it has been wet. and the combination led to black ice forming on bay area roads. in the north bay a toyota tundra ended up on its side this
. >> reporter: another draw to donate today, the downfall in the economy and the "fiscal cliff" troubles on capitol hill have people taking a closer look at their tax write-offs. >> this is the last day for tax write-offs. it's not the only reason why i donate but why not? it's a win-win for everybody. >> reporter: the donations will help fund good will's job training and placement programs to help the needy get out of poverty. in san francisco, cate caugiran, cbs 5....
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from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a look at live doppler 7hd. cloud free, rain-free and clear skies, but cold in the bay area. here is a look at our 10:00 temperature readings. we are waiting for the most recent to come in. even an hour ago it was down to 36 at napa and fairfield 35 at santa rosa and 34 at livermore and low 40s in many other locations. it is going to be a cold night. as a result of this unusually cold weather we have a freeze warning in affect until 9:00 tomorrow morning for most of the north bay. the low temperatures will drop between 24 and 28 dries. 28 degrees. freeze damage to crops is a possibility. we have a frost advisory until 9:00 tomorrow morning for the bay shoreline and the santa clara valley. look for low temperatures in th
from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a look at live doppler 7hd. cloud free, rain-free and clear skies, but cold in the bay area. here is a look at our 10:00 temperature readings. we are waiting for the most recent...
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Mar 2, 2013
03/13
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MSNBCW
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this is actually not as big a deal for the economy as the fiscal cliff, if we hadn't done something about it would have been. and certainly not as bad as failing to raise the debt limit, which would have been catastrophic, but it's bad, and of course it's degrading government services. i mean this really is not only are cuts very much the wrong thing to be doing right now, but these are especially dumb cuts. so this is not a good thing at all. >> so it could get a lot worse than 00,000 jobs? >> yeah. well, a couple of things. one is -- there is a lot of reason to believe that the numbers we've been using to estimate these things, that austerity hurts even more than the standard estimates say. we've been looking at what has been happening in europe. you say jeez, countries that have been doing sharp spending cuts have really been suffering badly. that's probably a number on the low side. and then, you know, what does it do to our economy if we are demonstrating that we can't govern ourselves, that we can't maintain the central government services? again, that can't be good. this was design
this is actually not as big a deal for the economy as the fiscal cliff, if we hadn't done something about it would have been. and certainly not as bad as failing to raise the debt limit, which would have been catastrophic, but it's bad, and of course it's degrading government services. i mean this really is not only are cuts very much the wrong thing to be doing right now, but these are especially dumb cuts. so this is not a good thing at all. >> so it could get a lot worse than 00,000...
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Jan 1, 2013
01/13
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KPIX
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"fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge of the so-called "fiscal cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers mak
"fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge of the so-called "fiscal cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment...
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Jun 22, 2013
06/13
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FOXNEWSW
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reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime lending scheme and they closed the industrial base and took those plants to cheap labor markets and that took the guts out of detroit. that is a big deal. now you have a no chain stores and no grocery stores and it is abandonment. and these are americans and we need a plan for restaulization to offset the impact. long- term low interest loans and we cannot abandon these citizens. we can bail out iraq, we could bail out american cities and we must. >> a food chain desert. i had not put it that way. >> there is not one food chain there. and there's not one drug store chain there. only one car dealership in the motor city. the city is abandoned. and there must be some plan and we look at go to philadelphia, we are closing scho
reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime lending scheme and they closed the industrial base and took those plants to cheap labor markets and that took the guts out of detroit. that is...
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Mar 19, 2013
03/13
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CNBC
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if we go over the fiscal cliff, i have to react. so i know where i need to pull back. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> welcome >>> welcome back, everybody. the chairman and c
if we go over the fiscal cliff, i have to react. so i know where i need to pull back. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea...
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Jan 2, 2013
01/13
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KRON
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but in the case and to the, may is far greater than what the fiscal cliff could have ever done to the u.s. economy. the world economy is on " world of the debt ceiling. >> we do have and newcomers that will be sworn in and there is a smaller to the republicans and the house. republicans still have a majority but did you see any changes? >> no. boehner was still be the speaker. his power was broken up a little bit. he did not show a lot of leadership in these last few weeks. the fact is is that they still control the house representatives. the senate, the 40 can still block anything that goes out. >> will there be any major surprises? >> the only major surprise is how much the president received from the deal. he did receive a stimulus tax credit for manufacturing and especially for the bay area periods this is for biofuel and everything like that. this was an interesting win for the president's and the question is, drew a line through the senate was why do we need to pay these obligations and no reason why this should of been a part of the deal. the second issue was set the republican
but in the case and to the, may is far greater than what the fiscal cliff could have ever done to the u.s. economy. the world economy is on " world of the debt ceiling. >> we do have and newcomers that will be sworn in and there is a smaller to the republicans and the house. republicans still have a majority but did you see any changes? >> no. boehner was still be the speaker. his power was broken up a little bit. he did not show a lot of leadership in these last few weeks. the...
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. >> lawmakers debate whose taxed in the fiscal cliff talk there's is another tax cut that expired fa that affects everybody. social security payroll tax reduced by a third in 2010. idea to stimulate the economy this, year goes up to 6.2%. and that means that a person with a gross gros income of $50,000 will pay $1,000 more in taxes this year, most people are not happy to see hold tax rate return. >> trying to save up to buy a house. so looking at how much it will be going up, i don't know if i'll be able to afford it as soon as i want to. >> it's paycheck to paycheck z this is just going to make it tougher for us. >> the increase is expected to generate $125 billion for the federal budget. economists warn we should expect a similar reduction in consumer spending. >> san francisco police need your help to catch shooter who's injured three people during a new year's eve celebration. a 12-year-old boy sitting in front of pier 23 rest spot was hit in the ankle. he was taken to the hospital and is he expected to be okay. a bullet grazed a man sitting next to him. >> out pops, we weren't s
. >> lawmakers debate whose taxed in the fiscal cliff talk there's is another tax cut that expired fa that affects everybody. social security payroll tax reduced by a third in 2010. idea to stimulate the economy this, year goes up to 6.2%. and that means that a person with a gross gros income of $50,000 will pay $1,000 more in taxes this year, most people are not happy to see hold tax rate return. >> trying to save up to buy a house. so looking at how much it will be going up, i...
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Nov 27, 2013
11/13
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MSNBCW
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think back to a year ago to the fiscal cliff debate, republicans were saying, well, if taxes go up, particularly taxes on the wealthy, it's going to crush investment. it's going to crush the economy. and we haven't seen that, right. investors are doing great. it's people who work for a living that have been struggling, struggling to get hours, struggling to get pay raises, struggling to find a job. you know, that's the sort of the economy of exclusion that we're talking about. >> all right. we have to leave it there. thank you to matthew, sam, casey, and sahil. that's all for now. alex will be back at noon on monday. have a great thanksgiving, everyone. "andrea mitchell reports" is up next. ♪ ♪ you get your coffee here. you get your hair cut here. you find that certain thing you were looking for here, but actually you get so much more. when you shop at these small local businesses, you support all the things that make your community great. the money you spend here, stays here. in this place you call your neighborhood. this saturday is small business saturday. get out and shop small. i starte
think back to a year ago to the fiscal cliff debate, republicans were saying, well, if taxes go up, particularly taxes on the wealthy, it's going to crush investment. it's going to crush the economy. and we haven't seen that, right. investors are doing great. it's people who work for a living that have been struggling, struggling to get hours, struggling to get pay raises, struggling to find a job. you know, that's the sort of the economy of exclusion that we're talking about. >> all...
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Jan 3, 2013
01/13
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KTVU
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and if you are feeling relieved we avoid the fiscal cliff, wait till your next pay stub. it will be less. ktvu's lorraine blanco is live to break down the numbers. >> reporter: some people we talked with today didn't know about the payroll tax increase and now that they will be seeing less, they plan to spend less, making some business owners rethink their payroll. >> reporter: retailers love to ring in the new year with shoppers. now that consumers will have less thanks to a tax hike, many shoppers plan to scale back. >> focus on what is essential. especially after the holidays, tighten. >> when people get more money they don't have any trouble trouble figuring -- trouble figuring out what to do with it. when people get less money they react in a nature like panic. stop the responding. >> reporter: that will effect all of us. spending accounts for 70% of the national economy. >> we don't think about the snowball effect of taxes. they pull back on spending then businesses don't want to hire. >> reporter: local retailers are trying to stay positive. banking on their loyal
and if you are feeling relieved we avoid the fiscal cliff, wait till your next pay stub. it will be less. ktvu's lorraine blanco is live to break down the numbers. >> reporter: some people we talked with today didn't know about the payroll tax increase and now that they will be seeing less, they plan to spend less, making some business owners rethink their payroll. >> reporter: retailers love to ring in the new year with shoppers. now that consumers will have less thanks to a tax...
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Feb 12, 2013
02/13
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KGO
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near future those automatic spending cuts that congress delayed at new year's to avoid the fiscal cliff. if lawmakers can't reach a deal by the march 1st deadline they need to pass a short term fix. she also expected to announce for the first time one year from tonight, 34,000 troops will be home from afghanistan. that is half the currently level serving now but will it be gun control that will spark the emotional moment tonight. there be 3 dozen people that have been affected by gun violence. the parents of fort pendleton, also a family of a person that was gunned down at a park in including and also in attendance will be gab. >> the republican response will be given by cashing oh cube yeo and he will push for smaller government and immigration reform. >> cheryl: two well known people with bay area ties will be joining the first lady for the state of the union address. tim cook will be sitting with michelle obama for the speech. he is flying cross-country after speaking at a conference in san francisco. mrs. obama also invited nasa engineer. he spent his childhood in the bay area and b
near future those automatic spending cuts that congress delayed at new year's to avoid the fiscal cliff. if lawmakers can't reach a deal by the march 1st deadline they need to pass a short term fix. she also expected to announce for the first time one year from tonight, 34,000 troops will be home from afghanistan. that is half the currently level serving now but will it be gun control that will spark the emotional moment tonight. there be 3 dozen people that have been affected by gun violence....
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Jan 14, 2013
01/13
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CNBC
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china did not go into a hard landing and the fiscal cliff did not blow up the u.s. economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of 2013. but in the middle of 2013, we'll know what all of the rules are. and i think the capital spending orders are going to come back and reinforce the housing improvement that you described as well as a pretty good auto market. >> we are talking all day today because everybody got their paycheck and it is definitely smaller. it's always smaller t beginning of the year. but is there any way that there is a headwind from people just not having as much money? >> yes, there's a headwind for the economy and we
china did not go into a hard landing and the fiscal cliff did not blow up the u.s. economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on...
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Jan 2, 2013
01/13
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the ending of the tax holiday wasn't even a bargaining chip in the fiscal cliff talks. reporting live from san jose janine de la vega ktvu channel 2 news. >>> the last minute deal to avoid the fiscal cliff prevented an income in taxes. coming up at 6:15 the two big pieces of unfinished business. the new session of congress will have to deal with in the coming weeks. >>> time is 6:07. a deadly high speed crash in san francisco right outside of a liquor store is still the focus of a police investigation and the arrest of the driver was all caught on video. this happened yesterday morning. you see the police officers have guns drawn. moving in on the unidentified suspects car. the suspect was arrested. he's being treated for minor injuries police also say they found a gun inside the car. minutes before the arrest though the driver crashed into a white toyota at 21st and south vaness. sending it flying through a liquor store. police say this all started with an earlier report of shots fired from a car at a nearby public housing complex. police later pulled over the driver b
the ending of the tax holiday wasn't even a bargaining chip in the fiscal cliff talks. reporting live from san jose janine de la vega ktvu channel 2 news. >>> the last minute deal to avoid the fiscal cliff prevented an income in taxes. coming up at 6:15 the two big pieces of unfinished business. the new session of congress will have to deal with in the coming weeks. >>> time is 6:07. a deadly high speed crash in san francisco right outside of a liquor store is still the focus...
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congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat. house republicans had not want to raise taxes without significant cuts. >> there is no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> but republicans decided to the to lengthen the fight. >> what is the alternative? go out $4 trillion of tax hikes for the american people, market uncertain. >> the bill shields people earning less than $400,000 a year from tax increases and extends unemployment benefits for roughly 2 million people. what it does not do is raise the so-called debt ceiling. in two months the government will reach its limit on borrowing, not to mention the bill delays larjts cuts to the pentagon and other government programs. >> reporter: so in march we may see another round of fighting. president obama says he hopes congress can reach an agreemen
congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat. house republicans had not want to raise taxes without significant cuts. >> there is no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> but republicans decided...
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Feb 12, 2013
02/13
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KOFY
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near future those automatic spending cuts that congress delayed at new year's to avoid the fiscal cliff. if lawmakers can't reach a deal by the march 1st deadline they need to pass a short term fix. she also expected to announce for the first time one year from tonight, 34,000 troops will be home from afghanistan. that is half the currently level serving now but will it be gun control that will spark the emotional moment tonight. there be 3 dozen people that have been affected by gun violence. the parents of fort pendleton, also a family of a person that was gunned down at a park in including and also in attendance will be gab. >> the republican response will be given by cashing oh cube yeo and he will push for smaller government and immigration reform. >> cheryl: two well known people with bay area ties will be joining the first lady for the state of the union address. tim cook will be sitting with michelle obama for the speech. he is flying cross-country after speaking at a conference in san francisco. mrs. obama also invited nasa engineer. he spent his childhood in the bay area and b
near future those automatic spending cuts that congress delayed at new year's to avoid the fiscal cliff. if lawmakers can't reach a deal by the march 1st deadline they need to pass a short term fix. she also expected to announce for the first time one year from tonight, 34,000 troops will be home from afghanistan. that is half the currently level serving now but will it be gun control that will spark the emotional moment tonight. there be 3 dozen people that have been affected by gun violence....
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lawmakers are taking this country over the fiscal cliff. as one senator said today, something has gone terribly wrong when the biggest threat to our economy is our congress. let's get right to abc's chief white house correspondent jon karl covering this every step of the way. jon, many angry americans watching all of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from going up. they have known for more than a year that tonight was the deadline and they just blew it. the deadline to prevent that massive $600 billion combination of tax hikes and spending cuts will be missed. but the scramble continues. to try to get a deal done and passed over the next day or two, that would put the tax cuts, at least, back in place retro actively. and today, they sure seemed close to a deal. >> i can report that we've reached an agreement on all of the tax -- the tax issue. >> reporter: and even though the deal was not finalized, the presi
lawmakers are taking this country over the fiscal cliff. as one senator said today, something has gone terribly wrong when the biggest threat to our economy is our congress. let's get right to abc's chief white house correspondent jon karl covering this every step of the way. jon, many angry americans watching all of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from...
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cliff steele was cemented for two or three months anyway. if you look at the overall fiscal situation for the year for the u.s. economy, do you turn away from the u.s. market as an investor? >> i think you do. it is not reflected in the economy. back toward the '99, 2007 highs. but income is low. you look at europe were a lot of people are still skeptical, they will continue to be negative. that market is significantly on that area coul. i think the european market has a lot more value than the u.s. market. cheryl: this is almost autumn fishing the european market. >> still think there is some value to be had. cheryl: what about asia? china, japan, sums it will rebound this year, the worst is over, what to use a? >> everybody was worried about it, so they sold off and the market came back. it was a hard landing everybody was worried about, now does not a hard landing site is coming back a little bit. china will come back fine. cheryl: what about japan? >> japan we have two big problems, and that and demographic. if you are an individual doin
cliff steele was cemented for two or three months anyway. if you look at the overall fiscal situation for the year for the u.s. economy, do you turn away from the u.s. market as an investor? >> i think you do. it is not reflected in the economy. back toward the '99, 2007 highs. but income is low. you look at europe were a lot of people are still skeptical, they will continue to be negative. that market is significantly on that area coul. i think the european market has a lot more value...
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fed members debated the fiscal cliff saving quote, a major headwind facing the economy at the present appeared to be the uncertainty about is fiscal policy and ongoing negotiations on federal fending and taxes. heightened uncertainty about fiscal policy was probably affecting economic activity adversely. a number about participants suggested that the business sector was well-positioned to expand spending and hire quickly upon a positive resolution to the fiscal cliff negotiations but of course we know that congress and the president only settled part of the fiscal cliff dilemma. the tax part this week. and still has to tackle the spending and debt part. now here's another interesting nugget from the minutes. they say, quote. in a few regions, contacts reported concerns about the expense associated with new regulations including those related to health care and in some cases indicated a shift to the hiring of part-time workers in order to avoidness costs. will that affect, full-time employment, the unemployment rate? we'll see as health care reforms unfold this is year. ashley: thank y
fed members debated the fiscal cliff saving quote, a major headwind facing the economy at the present appeared to be the uncertainty about is fiscal policy and ongoing negotiations on federal fending and taxes. heightened uncertainty about fiscal policy was probably affecting economic activity adversely. a number about participants suggested that the business sector was well-positioned to expand spending and hire quickly upon a positive resolution to the fiscal cliff negotiations but of course...
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Jan 9, 2013
01/13
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we more guidance how the economy unfolds and comes from the fiscal cliff year. >> right. it could get worse. >> you're right. i can't model in a recession. i have to think at 150. i have numbers at 200. if it does 200, we get there faster. >> byron and i, and rick, we have agreed on a lot of stuff today. one thing off-camera i talked to byron about, some day, it may become clear some of the economic malaise we're experiencing is self-inflicted, not just reinhardt rograff, not just new normal, maybe dodd-frank, obama-care, maybe uncertainty, maybe regulation. maybe we find out over the next four years, some of the things we heard so much, maybe we are stuck below plan because we're in our own way. >> it would be nice -- >> byron, you kind of conceded that, right? >> yeah. conceded, yes, i guess i did. the point is, what is the wake-up call, joe, that is my question. >> we need a wake-up call. in this environment where there are people that want these entitlements and other people paying for the entitlements. if you have 70% receiving, 30% paying, how do you ever elect anot
we more guidance how the economy unfolds and comes from the fiscal cliff year. >> right. it could get worse. >> you're right. i can't model in a recession. i have to think at 150. i have numbers at 200. if it does 200, we get there faster. >> byron and i, and rick, we have agreed on a lot of stuff today. one thing off-camera i talked to byron about, some day, it may become clear some of the economic malaise we're experiencing is self-inflicted, not just reinhardt rograff, not...
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Jan 2, 2013
01/13
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far worse than the fiscal cliff. if you remember in 2011, the last time this course of march and was threatened, the entire recovery was put at risk. the super confidence plunged consumer confidence plunged. we cannot go down that path. today's agreement will chime in to the principle of the law as long as i am president. the deficit needs to be reduced with a more balanced budget. everybody pays their fair share everybody does their part. that is how or our economy works best. the son of a total of all the budget agreement's the we have reached so far proves that there is a payoff board. and it is possible if we focused not on our politics but on what is right for the country. the one thing that hopefully the new euro focus on is putting a package like this to gather. with less scare tactics. we are able to come together as democrats, republicans to cut spending and raise revenue that reduces our deficit, protect for middle- class and provides avenues for people that are willing to work hard. for the investments tha
far worse than the fiscal cliff. if you remember in 2011, the last time this course of march and was threatened, the entire recovery was put at risk. the super confidence plunged consumer confidence plunged. we cannot go down that path. today's agreement will chime in to the principle of the law as long as i am president. the deficit needs to be reduced with a more balanced budget. everybody pays their fair share everybody does their part. that is how or our economy works best. the son of a...
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Jun 19, 2013
06/13
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we got through the fiscal cliff, the sequester. there's no euro crisis. china isn't having a hard landing. face, it the fed panicked in september, they spread foam all over the runway, and in today's statement they said that the global economy is facing less stability risks than they thought it was in september. they admitted it. they panicked. so they can now start withdrawing some of that foam off the runway. it's never been about jobs. it's never been about inflation. it's about financial stability. and that's not as much of a risk in 2013. so of course you expect to see treasury yields go higher when there's less risk in the world because people don't need safe havens. >> how high? >> i about the end of the year 3 1/4 on the ten-year, 3 1/2 on the 30-year, and i'm going to quote ben bernanke. that's a good thing. he said that three times. >> let me ask you this. good. good for you. very brave, very bold. let's look at 3 1/2% on the 10-year. what will stocks do if the 10-year bond rate goes to 3 1/2%? it is presently -- we're at 2.22, 2 1/4. >> i think
we got through the fiscal cliff, the sequester. there's no euro crisis. china isn't having a hard landing. face, it the fed panicked in september, they spread foam all over the runway, and in today's statement they said that the global economy is facing less stability risks than they thought it was in september. they admitted it. they panicked. so they can now start withdrawing some of that foam off the runway. it's never been about jobs. it's never been about inflation. it's about financial...
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. >>> lawmakers debate who is taxed in the fiscal cliff talks, another tax cut plan has expired social security payroll tax was reduced by a third in 2010 to stimulate the economy. this year it goes back to 6.2% level. that means a person with a gross income of $50,000 will pay about $1,000 more in taxes this year than last year. >> to buy a house, we are trying to save and looking how much it will probably be going up, i don't know if i will be able to afford a house. >> we are scraping by. paycheck to paycheck. >> the payroll tax increase is expected to generate $125 billion for the federal budget. economists warn we should expect a similar reduction in consumer spending. >> customers will start seeing increase in electric rates. pg&e is raising rates. it will cover upgrades to the electric grid. at the same time gas prices are going down because of a glut of natural gas on the market. here is how it breaks down. pg&e electric bills for january will go up by an average of 2.6% gas bills will go down by an average 5.3%. >> kristen: bills are going up with the temperatures they are. >>
. >>> lawmakers debate who is taxed in the fiscal cliff talks, another tax cut plan has expired social security payroll tax was reduced by a third in 2010 to stimulate the economy. this year it goes back to 6.2% level. that means a person with a gross income of $50,000 will pay about $1,000 more in taxes this year than last year. >> to buy a house, we are trying to save and looking how much it will probably be going up, i don't know if i will be able to afford a house. >>...
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Dec 23, 2013
12/13
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we're concerned about the fiscal cliff. we avoided the fiscal cliff. we had the sequester and then the government shutdown. despite the uncertainty, the euro's numbers are getting better and better. we don't expect such a risk next year because the political cost of the government shutdown was substantial. most likely we're going to get some help. looking forward we are bullish. >> what does it mean for the u.s. dollar? we've seen some strength after the tapering last week but it seems as though the dollar rally that everyone is expecting hasn't really kicked off. it's not making a lot of head way against the euro or the pound. it is higher against the yen but that's all related to abenomics. when do you expect that? >> when we look at the data this year, that will suggest a much stronger dollar. it's a very loose monetary policy by the fed which to a large extent was trying to off set the tight fiscal policy. looking forward with a fiscal policy with more growth friendly and as the fed is stepping up, the fed should be more consistent with the strong
we're concerned about the fiscal cliff. we avoided the fiscal cliff. we had the sequester and then the government shutdown. despite the uncertainty, the euro's numbers are getting better and better. we don't expect such a risk next year because the political cost of the government shutdown was substantial. most likely we're going to get some help. looking forward we are bullish. >> what does it mean for the u.s. dollar? we've seen some strength after the tapering last week but it seems as...
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Feb 24, 2013
02/13
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last year, the fiscal cliff, the debt ceiling and now the latest crisis on the automatic spending cuts. what are we calling this? >> i am calling it murder/suicide of critical government services that is going to crash our economy and this is done by some in congress who so no role for the federal government and think that is the best way to have some cuts is to literally murder our economy and to get rid of critical services, make folks wait longer in line at tsa to produce and to make veterans wait longer than they're waiting for the care that we promised them and this, voters have deadline fatigue and fiscal cliff came in december and then in january, the debt ceiling and the man- made crisis called sequester. the voters want us to work together and solve the problems and not keep practicing incremental government. >> absolutely and this is annoying to the common voter. we have a march 1st deadline for this and you are on vacation now. >> congress is home for a weeklong recess. the majority of the party would rather be back in washington working, but we seem to be working three days
last year, the fiscal cliff, the debt ceiling and now the latest crisis on the automatic spending cuts. what are we calling this? >> i am calling it murder/suicide of critical government services that is going to crash our economy and this is done by some in congress who so no role for the federal government and think that is the best way to have some cuts is to literally murder our economy and to get rid of critical services, make folks wait longer in line at tsa to produce and to make...
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Feb 10, 2013
02/13
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cliff deal on new year's day. if a spending deal is not reached, more than $500 billion will be cut from the defense department and other national security agencies. >>> the boeing aircraft company today sent one of its 787 dreamliner jets on a test flight. 50 of the jets have been grounded worldwide because of fears about fires from the plane's lithium ion batteries. a 787 took off today from boeing field in seattle and spent almost two hours flying more than 1100 miles. boeing said the purpose of the flight was to gather more information about those batteries. >>> continuing coverage now, on our world series champion san francisco giants. thousands of people packed at&t park today for this year's fan fest. take a look. looks like no one left disappointed. >> let's go, giants! >> reporter: they call it fan fest, but it was more like a lovefest. >> i've always liked the giants. i grew up liking the giants. >> that was the best part of my day so far and i got the high- five! >> reporter: people who live and breathe
cliff deal on new year's day. if a spending deal is not reached, more than $500 billion will be cut from the defense department and other national security agencies. >>> the boeing aircraft company today sent one of its 787 dreamliner jets on a test flight. 50 of the jets have been grounded worldwide because of fears about fires from the plane's lithium ion batteries. a 787 took off today from boeing field in seattle and spent almost two hours flying more than 1100 miles. boeing said...
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Feb 1, 2013
02/13
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WUSA
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thank you very much, fiscal cliff. the white house also responded to republican criticism after president obama disbanded his jobs council. >> the white house says the council was only intended to last for to years. the group met four -- for two years. the group met four times during its tenure and hasn't met in more than a year. >>> do you have a little girl who tends to scream a little bit when she gets excited? you might want to cover your ears when we have celebrity birthdays in the next slot. >> how many sports fans are really fanatic. we'll talk to a sports psychologist about why millions are so intense about their team. >> it's just . >>> welcome back. 5:38. we're dealing with some snow. in purcelville, they have snow sticking to the ground with the moderate band of snow moving in from parts of west virginia and the shenandoah valley. here's a look at your forecast. we have winter weather advisories till 10:00. moderate bands of snow the next few hours, a dusting to an inch. we'll clear out mid- to late morning.
thank you very much, fiscal cliff. the white house also responded to republican criticism after president obama disbanded his jobs council. >> the white house says the council was only intended to last for to years. the group met four -- for two years. the group met four times during its tenure and hasn't met in more than a year. >>> do you have a little girl who tends to scream a little bit when she gets excited? you might want to cover your ears when we have celebrity birthdays...
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Feb 24, 2013
02/13
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the fiscal cliff came in december, then in january we had the debt ceiling and now we have this manmade crisis called sequester and the voters want us to work together to solve these problems and not keep practicing incremental government. >> it is getting annoying to the common voterrer. we have a march 1st deadline for this. you guys are on vacation right now. >> congress is home on a week long recess. the majority party sets that. i would rather be back in washington working, but we seem to only be working three days a week. and that's not enough to solve the problems at hand, and we're facing a government shut down, and the american people are not going to e react positively to that. we're seeing fragile economic growth in our economy. >> from an insider, what is the mood there. is there going to be a breakthrough at the last minute? we would expect there to be one. >> well, this isn't college. we can't wait until the last minute and turn the essay in. congress was elected by the american people to think big and solve big problems, and right now it's time for our leaders, time for b
the fiscal cliff came in december, then in january we had the debt ceiling and now we have this manmade crisis called sequester and the voters want us to work together to solve these problems and not keep practicing incremental government. >> it is getting annoying to the common voterrer. we have a march 1st deadline for this. you guys are on vacation right now. >> congress is home on a week long recess. the majority party sets that. i would rather be back in washington working, but...
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Feb 28, 2013
02/13
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of the economy in less than 48 hours unless lawmakers can compromise. >> i have not seen things done in two days in washington, dc in some time. on the other hand, the good news is the public is paying attention to this and we are still ready to work with them to get something responsible passed. we can't do it alone. >> that was katie marzullo. >> he said democrats must accept some changes to government entitlement programs. the nonpartisan congressional budget office is weighing in and it finds the white house-backed legislation in the senate would raise the deficit through the end of the budget year by tens of billions. live in the newsroom for abc7 news. >> oakland mayor is focused on adding 200 new police officers to help the city combat crime. last night the mayor made the state at the city address and say they are targeting the most violent people in the city, more civilians will take police reports so officers can spend more time fighting crime and she says the newest most diverse police academy is ready and if training. >> it means for 200 more officers, $73 million for the
of the economy in less than 48 hours unless lawmakers can compromise. >> i have not seen things done in two days in washington, dc in some time. on the other hand, the good news is the public is paying attention to this and we are still ready to work with them to get something responsible passed. we can't do it alone. >> that was katie marzullo. >> he said democrats must accept some changes to government entitlement programs. the nonpartisan congressional budget office is...
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Jan 6, 2013
01/13
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going. >> and you're political insiders sound off on the fiscal cliff add-ons. the big money winners that went to the jackpot after congress finally reached a deal. >>> it's 8:30, sunday, january 6th. thanks for joining us. i'm anne makovec. >> and i'm bill. everything from the fiscal cliff to global warming to a solution. the heat -- >> we are going to be talking with a lawmaker from berkeley, she is talking about introducing a bill that would limit the amount of ammunition you can buy. of course that's controversial in its own right. we will have our discussion with her. >>> but first -- >> a state lawmaker from san francisco is proposing a homeless bill of rights. it basically -- the idea is to protect the civil rights of homeless people. >> statewide recommendations at a uniform plan in every california city where homeless people can get health care and find a clean bathroom or a place to stay. >> we are not going to usurp any local community's local laws about it but like to provide direction for how to alleviate homelessness. >> the goal is to help the hom
going. >> and you're political insiders sound off on the fiscal cliff add-ons. the big money winners that went to the jackpot after congress finally reached a deal. >>> it's 8:30, sunday, january 6th. thanks for joining us. i'm anne makovec. >> and i'm bill. everything from the fiscal cliff to global warming to a solution. the heat -- >> we are going to be talking with a lawmaker from berkeley, she is talking about introducing a bill that would limit the amount of...
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Jan 2, 2013
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a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for his signature. back to you. >> thank you. >>> most overseas stock markets jumped higher today on news that the u.s. "fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in 2013 it finished up today, as did hong kong, germany, australia, britain and france finishing up. the new year's first day of trading in the u.s. set to begin in an hour and a half. >>> the house stayed late to pass the "fiscal cliff" package but members left without agreeing on federal aid for victims of hurricane sandy. the senate already okayed the $60 billion measure. new congress will be sworn in tomorrow. >>> well, on weather news it's freezing out there this morning literally and we have cbs 5 reporter anne makovec feeling the freeze in san rafael. good morning, anne. >> reporter: i have been watching the temperature here behi
a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for his signature. back to you. >> thank you. >>> most overseas stock markets jumped higher today on news that the u.s. "fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in...
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Nov 18, 2013
11/13
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the sequester is the fiscal cliff, the debt ceiling, i think those issues are largely behind us and with that said the economy should do pretty well next year. >> you also would like to sees the fed start to do some small, incremental tapering sooner rather than later? >> we would, absolutely. i think the qe1 might have been very necessary, but, you know, if you're in an accident you want painkillers but if you are still using painkillers five years later, maybe the problem is you're addicted to painkillers. >> that could be. >> and as we look at it, qe has outlived its usefulness. >> all right. sam, we'll leave it there. thank you very much for joining us. sam wardwell with pioneer investments. >> thank you. the big buzz ipo of the year has been twitter. the stock there you see it at 41.74, above its offering price, below its first trade price that week or week and a half ago when it launched. more ipos on the way this week. we've got a few. it has been, as this graphic shows, ipo omg. >> it has been an omg-type moment. according to the folks at renaissance capital we're expecting to se
the sequester is the fiscal cliff, the debt ceiling, i think those issues are largely behind us and with that said the economy should do pretty well next year. >> you also would like to sees the fed start to do some small, incremental tapering sooner rather than later? >> we would, absolutely. i think the qe1 might have been very necessary, but, you know, if you're in an accident you want painkillers but if you are still using painkillers five years later, maybe the problem is...
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Jan 22, 2013
01/13
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and there's the economy, the jobs which was his focus for the first term. >> yes, and we have the fiscal cliffs. the automatic budget cuts, what to do with the federal budget, so yes a lot of things and then as you mentioned, the economy still underneath everything. that will be a big issue as we move forward this year. >> reporter: one last question, what do you think his legacy will be? >> that will depend on what gets done. i mean, you can give all of the great speeches you want and lay out all of the great plans but if you don't get anything done that will be your legacy. we'll see. i mean, right now, healthcare is certainly his legacy, where the economy goes will depend on how he's viewed in the long- term, too. >> reporter: thank you. nice to see you. appreciate it. you can find a link to jamie's blog at ktvu.com. i just spoke to darrell steinberg, mup in my next report, his special issue he's pushing during his visit and how the nation's capital has a different view of california than it did four years ago. reporting live in washington, d.c., i'm tori campbell, ktvu channel 2 news
and there's the economy, the jobs which was his focus for the first term. >> yes, and we have the fiscal cliffs. the automatic budget cuts, what to do with the federal budget, so yes a lot of things and then as you mentioned, the economy still underneath everything. that will be a big issue as we move forward this year. >> reporter: one last question, what do you think his legacy will be? >> that will depend on what gets done. i mean, you can give all of the great speeches you...
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Jan 14, 2013
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the country did not fall off that fiscal cliff but as a result, some people say it feels like their personal budgets did. the federal compromise means tax breaks for social security and medicare expire. for singles earning $200,000 a year, couples earning $250,000 a year, that translates to about a 2% cut to their take- home pay. one man said he and his wife are losing nearly $300 a month. that's their car payment or groceries for the month. the nonpartisan tax policy center estimates that 77% of households are affected by the higher payroll taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave? >> pam, thank you. >>> time 7:49. inauguration day for president
the country did not fall off that fiscal cliff but as a result, some people say it feels like their personal budgets did. the federal compromise means tax breaks for social security and medicare expire. for singles earning $200,000 a year, couples earning $250,000 a year, that translates to about a 2% cut to their take- home pay. one man said he and his wife are losing nearly $300 a month. that's their car payment or groceries for the month. the nonpartisan tax policy center estimates that 77%...
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Feb 21, 2013
02/13
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feeling the fall out from the fiscal cliff battle. at least three dozen tax forms still need government approval. though the standard forms that most use are ready. however the irs is still asking tax identitiers wait patiently for your refund, should come with in three weeks of you filing. taxpayer is check refunds online but if you call the best times are late afternoon or late in the week. >> first lady is teaming up with big bird as part of her effort to promote healthy eating and physical fitness. >> no matter what your age it's important to get your body moving every single day to help keep you healthy. >> look, i'm getting moving right now by jogging. >> the first lady and big bird are appearing together in two announcements. . the first lady is also traveling around this week and next appearing on tv shows. >>> a ktvu field poll shows the governor is enjoying his highest approval rating since being elected two years ago. the poll found 57% of the california voters surveyed approve of brown's job. 31% say that they do not. the
feeling the fall out from the fiscal cliff battle. at least three dozen tax forms still need government approval. though the standard forms that most use are ready. however the irs is still asking tax identitiers wait patiently for your refund, should come with in three weeks of you filing. taxpayer is check refunds online but if you call the best times are late afternoon or late in the week. >> first lady is teaming up with big bird as part of her effort to promote healthy eating and...
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Jan 3, 2013
01/13
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recessionyour tax rate may not be changing under the fiscal cliff agreement. this also extends unemployment benefits with 2 million people that are currently out of work for six more months. and spending cuts will be delayed but that lack of spending cuts is causing the republicans to vote against the measure. >> the senate, the president of the vice president have failed to meet their own stated obligation wish to bring our balanced bill that had tax adjustments. and also had spending adjustments and the swan fills out that. , the stock market surged on the heels of their agreement on wednesday there are future of land mines. in two months, that $109 billion in spending cuts will be triggered again. unless congress and that the president can come up with a mutual agreeable plan. and in three months, they will have a debt ceiling dilemma on weather or not to raise the debt ceiling. spending cuts will be required to get their support but the president says that that is not call it is going to work. >> i will negotiate over many things i will not have another de
recessionyour tax rate may not be changing under the fiscal cliff agreement. this also extends unemployment benefits with 2 million people that are currently out of work for six more months. and spending cuts will be delayed but that lack of spending cuts is causing the republicans to vote against the measure. >> the senate, the president of the vice president have failed to meet their own stated obligation wish to bring our balanced bill that had tax adjustments. and also had spending...
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Jan 2, 2013
01/13
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far worse than the impact of a fiscal cliff. >> reporter: and while things look good upon wall street today, investors say don't get used to it if congress remains so divided. live in washington, kyla campbell, ktvu channel 2 news. >> we have much more on last night's fiscal cliff vote on our channel 2 website. go to ktvu.com, click on the tab right there on the front page. >>> happening right now, some members of congress are now on the floor of the house of representatives calling for a vote on legislation to help the victims of superstorm sandy. those lawmakers are furious because the republican house leadership ended last night's session without voting on the sandy bill. new york congressman peter king calls it a cruel knife in the back. >> i have to go home this weekend and next week and the week after and see the hundreds and thousands of people who are out of their homes, who don't have shelter, who don't have food and they are living with relatives, friends, living in trailers. this is not the united states of america. >> the senate had already passed a 60.4 billion measure an
far worse than the impact of a fiscal cliff. >> reporter: and while things look good upon wall street today, investors say don't get used to it if congress remains so divided. live in washington, kyla campbell, ktvu channel 2 news. >> we have much more on last night's fiscal cliff vote on our channel 2 website. go to ktvu.com, click on the tab right there on the front page. >>> happening right now, some members of congress are now on the floor of the house of...
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Jan 1, 2013
01/13
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the fiscal cliff is about taxes and spending. but the big question is that what is the spending issue. if they do have an impact it should not be an impact on the economy. >> people are really losing faith? >> these people of that nearly two years to get this done. for all of the whining... i do not really think there's much sympathy from the american people. the fact of the matter is that there is not just the fiscal cliff but also there is a pending bill that is being held up by the house of republicans. to make sure that the price of milk does not double puriwith nearly $7-for $eight! and can they still with the spending cuts? right now, we are going to hear that it is just going to kick the can and down the road. everything including the spending cuts will be on the table. >>> the impression is that they are closed with the devil is in the detail. there are a lot of emotion and. >> and in terms of the tax issue. this is cutting taxes. i do not want to make you... 12 renegotiate on your tax possibility but the question is weat
the fiscal cliff is about taxes and spending. but the big question is that what is the spending issue. if they do have an impact it should not be an impact on the economy. >> people are really losing faith? >> these people of that nearly two years to get this done. for all of the whining... i do not really think there's much sympathy from the american people. the fact of the matter is that there is not just the fiscal cliff but also there is a pending bill that is being held up by...
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Jan 17, 2013
01/13
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CSPAN2
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the fiscal cliff is a short-term fix that has avoided us falling off the cliff and sending of the economy and the recession and it really fails to address the longer issues affecting the deficit and also the economic competitiveness of the united states and those of us that run the global companies obviously care very deeply about them. preserving the letter to nettie for comprehensive revenue neutral tax reform is a critical and very important to creating pro-growth tax law that will enable american companies to compete effectively against companies that are domicile in other countries around the world we need a level playing field. the united states has the highest corporate tax rate in the world. also the united states is one of the few countries in the world with a system that is called a global tax system rather than a territorial tax system. the 113th congress we are going to continue to advocate for comprehensive tax reform that broadens the base that reduces corporate tax rates and moves through a competitive territorial system. proctor and gamble pays income taxes and over 100 co
the fiscal cliff is a short-term fix that has avoided us falling off the cliff and sending of the economy and the recession and it really fails to address the longer issues affecting the deficit and also the economic competitiveness of the united states and those of us that run the global companies obviously care very deeply about them. preserving the letter to nettie for comprehensive revenue neutral tax reform is a critical and very important to creating pro-growth tax law that will enable...
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Jan 2, 2013
01/13
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KPIX
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of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummetting right now. we have freeze warnings up in the north bay valleys. and frost advisories inside the bay in toward the santa clara valley so a cold start to the day. these temperatures running down in the 20s and some mid-30s. waking up to some widespread frost outside. if you are heading out the door this morning, grab your jacket. it is going to be chilly. temperatures right now 27 degrees in santa rosa. 30 in livermore. 34 degrees in san jose. and 30 degrees in the napa valley. only moderating as you approach the coastline, 45 into san francisco. high pressure giving us clear air and dry condition
of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry...
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Jan 7, 2013
01/13
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FOXNEWSW
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cliff fiasco and seems like everything in recent memory. republicans are saying they want spending cuts attached to some deal and democrats say spending cuts should be a different issue. >> if you raise the debt ceiling by a dollar, cut spending by a dollar. that is the way to go forward and we need a budget. our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my bills unless you stop being stuff? well, then stop buying stuff so you don't have future bills but right now we have to pay the bills that have been incurred. >> shepard: the president said on saturday that he will not compromise over raising the debt ceiling. won't even put that on the table. shannon bream with the news live in washington this afternoon. how you is this strategy work out for republicans, shannon? >> shannon: the president says if they refuse everyone from business owners to average americans will suffer but republicans are calling his bluff saying
cliff fiasco and seems like everything in recent memory. republicans are saying they want spending cuts attached to some deal and democrats say spending cuts should be a different issue. >> if you raise the debt ceiling by a dollar, cut spending by a dollar. that is the way to go forward and we need a budget. our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my...
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104
Jan 1, 2013
01/13
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speaker, if we vote on the senate fiscal cliff bill today, i will vote against it because this is not the way to do the people's business. i will not condone with my vote a process that denies the american people an opportunity to participate in their republic on issues of this magnitude. mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from oregon seek recognition? without objection, the gentleman from oregon is recognized for one minute. mr. blumenauer: the agreement we are expected to vote on perhaps as early as this afternoon has many commendable and important items. unfortunately too many are short term, much is left out and most important, we are losing an opportunity for reform. we cannot continue to have by far the world's largest and most expensive military, the world's lowest taxes, the most expensive and inefficient health care system and continue to allow our country's infrastructure to fall apart all while america grows and ages. this agreement represents absolutely the least we could have done under these
speaker, if we vote on the senate fiscal cliff bill today, i will vote against it because this is not the way to do the people's business. i will not condone with my vote a process that denies the american people an opportunity to participate in their republic on issues of this magnitude. mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from oregon seek recognition? without objection, the gentleman from oregon is recognized for...
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253
Jan 3, 2013
01/13
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KPIX
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, but i think both sides didn't get things in this fiscal cliff deal that set the stage for the next one. look, there are things that we can do again to continue to make our tax code fair. republicans would like to see some changes in the way we do some entitlements hopefully in a measured way so we don't end up doing more harm than good but look, i think we all understand the elements that have to be involved to continue again to grow our economy, to get some balance in our tax code to get our fiscal house in order. again, if we could just put aside some of the screaming and yelling. >> robert but this does set up what someone has called these cascading cliffs now, that there are more of these. isn't this a distraction from what the president wanted to didn't he give in and now hurt himself in terms of going after some of the other legislative accomplishments that he wanted to spend with this new congress in other words immigration reform, tax reform something on gun control? >> well look i think tax reform has to be a big part of all of these whatever fiscal cliffs or cascades or w
, but i think both sides didn't get things in this fiscal cliff deal that set the stage for the next one. look, there are things that we can do again to continue to make our tax code fair. republicans would like to see some changes in the way we do some entitlements hopefully in a measured way so we don't end up doing more harm than good but look, i think we all understand the elements that have to be involved to continue again to grow our economy, to get some balance in our tax code to get our...
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638
Dec 31, 2013
12/13
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MSNBCW
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> i put forward a very clear principle. i will not negotiate around the debt ceiling. >> who do you think will be the first to fold? >> if i knew that, i'd be a famous man if i knew what was the first to fold. >> nobody should have to fold. this is not a card game. this is real life. >> whether or not we reach an agreement in the short time we have left, we'll need cooperation on both sides before taxes go up tomorrow for every family in america. >> we tried before and we failed. we tried before and we failed. >> that is enough. >> how much is it going to cost? >> the sergeant at arms will restore order in the gallery. >> the house does not intend to take up the senate bill. the house is going to do its own job on developing an immigration bill. >> what we're hearing is that immigration is going to die a slow death in the house. >> i need your help. there are thousands of -- >> that's exactly what we're talking about here. if in fact i could solve all these p
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> i put forward a very clear principle. i will not negotiate around the debt ceiling. >> who do you think will be the first to fold? >> if i knew that, i'd be a famous man if i knew what was the first to fold. >> nobody should have to fold. this is not a card game. this is real life. >> whether or not we reach an agreement in the short...
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Jan 1, 2013
01/13
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CSPAN
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keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a scalpel. it may not always be the smartest cuts. that is a piece of business that still has to be taken care of. i want to make clear that any agreement we have to deal with these automatic spending cuts, those also have to be balanced. my principle has always been to do things in a balanced, responsible way and that means revenues as to be part of the equation in turning off the sequester as well as spending cuts. the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do
keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a...
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64
Feb 16, 2013
02/13
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MSNBC
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cliffs and sequesters. but, when you do that in del rio and eagle pass, and places along the border, you are growing the local economies. when you have a district the way that i have one, it is, it is really a good -- it's a good mix of things. and it helps the local economy gain strength. >> you represent a pretty conservative area. you are the only congressional democrat in texas to win your district. also won by republicans, governor romney. how dangerous do you consider the dogma of the tea party that cruz is affiliated with? >> i will tell you that, there's a trend i think that is going to start happening. i think the district that i represent, 23, is a great example, when ted cruz won the district by six points i was winning it by five points. i think people will start to look toward individual candidates and originally people said no way that a democrat is going to win those -- there's nobody purple in that district. they are all either mostly red, but some blue. and i think, as a result of my electi
cliffs and sequesters. but, when you do that in del rio and eagle pass, and places along the border, you are growing the local economies. when you have a district the way that i have one, it is, it is really a good -- it's a good mix of things. and it helps the local economy gain strength. >> you represent a pretty conservative area. you are the only congressional democrat in texas to win your district. also won by republicans, governor romney. how dangerous do you consider the dogma of...